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Do you know when KNB is supposed to start trading: this Tuesday? Is there any indication of the IPO price?
It's been a long wait for the RTO so I certainly won't be rushing to sell. I will wait to see how this plays out.
Suspect most will hang on given the weed sector is making a comeback. MGC bagged a few times so they’ll be expecting that either. We have RTO warrants at 10p so there may be resistance at that level.
so I am assuming everyone here is going to get access to their funds which have been locked away for x ammount of years, will you be seeling out of holding on tight ex SOP shareholders?
this chat page will dissappear when Kanabo list so you will need to join that chat page
NOpe, its KNB but youll probably have to phone your broker to buy on the first day
MGC pharma is now 100mill mcap and it listed at 33.7mill mcap - its almost 4 bagged very quickly. I suspect KANABO is coming in around 23.5mill mcap and if it got to 100mill mcap it too will have 4 bagged - fingers crossed - good luck all
What ticker code will Kanabo be trading under? will it still be SOP
im on twitter as Sharezone5
my draft account got suspended cuz of some old music video i uploaded from 2016
https://www.thetimes.co.uk/article/now-cannabis-producers-get-a-high-out-of-reddit-army-8jxwp0mrz
Had to reply to this message! I was in GW when they floated, and when they left LSE, and were only on Nasdaq, I sold up , as it was too much trouble to trade, and I got about £5/share maybe 5/6 yrs ago. That takeover price is £200plus/share!!!
FFS.
https://www.cityam.com/the-new-greenback-why-investors-are-getting-high-on-medicinal-cannabis-firms/
Done well so far with MGC Pharmaceuticals does anyone know what the ticker code is for Kanabo. Can't wait for this to get going next week. GLA these guys look ready to fly :)
All being well you can buy next Tuesday when they return to trading.
YES!!!!
so...how can i get Kanabo shares ?? whats happening here ?
Drafty - when you back on Twitter, brah?
An Israeli-founded firm that makes vaporisers is on course to become the first medical cannabis company to float on the London Stock Exchange next month, after regulators gave the green light.
Kanabo set a date of 16 February for its stock market debut and is setting its sights on the UK after securing £6m from investors, valuing the company at £23.2m.
The firm, which issued its float prospectus to potential investors on Friday, expects to be the first to offer UK investors shares in a company that makes money directly from medical cannabis.
It comes after the Financial Conduct Authority said last year that UK-based medical cannabis firms could list in London. Although Kanabo is originally an Israeli firm, it was bought by the UK-based cash shell company Spinnaker in 2019.
Kanabo makes a medical-grade vaporiser that uses cartridges of liquid derived from cannabis flowers. “It’s something my grandma can use,” said the chief executive, Avihu Tamir, who got into the industry after becoming one of the early recipients of medical cannabis in Israel. “I found myself sitting in a clinic with a nurse teaching me how to roll a cannabis cigarette,” he said. Tamir said Kanabo’s vaporiser is an upgrade for patients and doctors because it delivers a precise 1mg dose with every inhalation, and will appeal to users who typically prefer an act similar to smoking rather than ingesting pills. He added that the company would target the UK market in the belief that patients’ past difficulty in accessing cannabis, despite legalisation, is dissipating. One of the problems has been that companies required a prescription before they could import and many GPs were not keen to prescribe. But Tamir said new specialist clinics were easing the bottleneck. “The distributors that have the clinics know how to collect together a sufficient amount of prescription for three or six months ahead, so they can import in bulk and dispense from there,” he said. While medical cannabis companies can list in the UK, those that sell recreational weed remain barred, even if they operate in countries where it is legal.
BusinessCann
@BusinessCann
·
Jan 29
Significant milestone for the UK as London Stock Exchange sets a February date for the listing of its first medical cannabis and #CBD company
@spinnakerplc
@kanaboresearch
@VoltefaceHub
#cannabisindustry #cbdhealth #cbdproducts #cbdoil
Kanabo Group Retweeted
Spinnaker Opportunities
@spinnakerplc
·
Jan 29
It is with great pleasure that
@spinnakerplc
and
@kanaboresearch
announce the successful fundraise of £6M with an oversubscription of 100% and the publication of the Prospectus ahead of the expected first day of trade 16 February. Big thanks to
@peterhousecap
for the hard work
Great news - likely to be a good mover, I reckon.
RNS out
Email went round from the Chairman about registering interest in the fundraise this month as the investor roadshow is in full swing (as per recent RNS). https://www.ft.com/content/8e279a36-8dc5-4810-b690-7394c9a501c8
I think they will raise funds before relisting which would add to the value
I agree, 15-20 million sounds about right, I think Kanabo had a valuation of around 15 million 18 months ago, we know they have expanded since then and have more revenue now, so it maybe more than 15-20 million.